Osisko Gold Royalty (OR) Received its Third Buy in a Row
Analysts have been quite happy with Osisko Gold Royalty (OR) stock lately, with several positive ratings in a row that it received in the past month alone. Analyst Carey MacRury from Canaccord Genuity rated Osisko Gold Royalty (OR) a Buy yesterday, setting a C$18 price target.
According to TipRanks.com, MacRury is a 1-star analyst with an average return of -2.3% and a 40.2% success rate. MacRury covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Osisko Gold Royalty with a C$16.30 average price target, which is a 37.4% upside from current levels. In a report released yesterday, Desjardins also reiterated a Buy rating on the stock with a C$15.50 price target.
Osisko Gold Royalty’s market cap is currently C$1.85B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.
Osisko Gold Royalties Ltd. operates as an intermediate precious metal company, which engages in mining and exploration. Its assets portfolio includes Malartic and Éléonore royalties. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.
The company’s shares closed on Monday at C$11.86.